Investing is a waiting game. Patience wins the game. I gathers investors wait for the following, at least I have wait for these one way or another.
1) Signs of market downcycle.
Shipping and commodity(steel) are definitely in down cycle. Companies are going bust, merging, and the rates are falling off the cliff. (BDI for bulk carriers and containers rate for containers, it is a different story for tankers, though) Steel companies are also consolidating and its prices cheaper than cabbage. When price of production is higher than market price, we all know it is not sustainable in the LONG RUN, but how long the bottom stays is another question. Shale oil is said to need $60, then $45. But is these figures accurate? Gold production cost supposed to be 1000-1200.
Properties in not in a downcycle in my opinion. Prices has not come down drastically and while ......